EduBourseActualitésFinal Results For Year Ended 31 March 2008

Final Results For Year Ended 31 March 2008

Pierre Perrin-Monlouis Dernière mise à jour: 20 octobre 2021

Meetings will be held today at Bankside Consultants, 1 Frederick’s Place, London, EC2R 8AE. Press Briefing at 10:45 am and Analysts Lunch Briefing at 12:30pm.

Endace Limited (“Endace”, “the Group” or “the Company”) (LSE/AIM: EDA), a world leader in network monitoring, latency measurement and application acceleration solutions, is pleased to announce its audited final results for the year ended 31 March 2008. All amounts are stated in US$.

Financial highlights

• Revenue increased by 42% to $24.2m (2007: $17.0m).

• Gross margins were 71% (2007: 72%).

• Profit before tax rose by 15% to $4.5m (2007: $3.9m). Excluding a one-off provision, profits would have increased by 25%.

• Basic earnings per share increased 29% to US cents 23.1 (2007: US cents 17.8). Adjusted, fully diluted earnings per share increased 25% to US cents 22.1 (2007: US cents 17.7) (see Finance Director’s Report).

• Net cash at the year end was $3.5m (2007: $3.5m) after significant investment costs including an acquisition.

Operational highlights

• NinjaProbeTM appliance products launched successfully at the start of the year and rapidly gained traction in the market.

• $2m contract to supply the industry’s first InfiniBand™ monitoring probe to a leading US-based financial service provider.

• Growth achieved in all geographic regions with strong growth in the Americas and EMEA.

• Good progress at the half-way stage in a two-year investment programme to create an organisation capable of sustained high growth.

• Successful acquisition of Applied Watch Technologies.

Commenting on the results, Endace’s Chief Executive Officer, Mike Riley, said:

“We have made excellent progress over the past year, both in terms of developing the scale of the business and achieving our planned targets for revenue and profits. We are well positioned to benefit from a market which is growing strongly and which now regards high speed network monitoring technologies as essential enablers in the drive for improved network security, compliance and performance.”

About Endace
For organisations that rely on their IP networks to do business, Endace provides traffic monitoring, latency measurement, network security and application acceleration solutions that capture, inspect and report on every single data packet. We enable our customers to be confident in their service performance, information security, and regulatory compliance. Based in Auckland, New Zealand, Endace also has offices in the UK, USA and Singapore. Quoted on AIM, the stock code is LSE: EDA.

For further information:

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.